Bentley Systems: Valuation Continues To Be Cheap While Fundamentals Improve

Following my coverage on Bentley Systems (NASDAQ: BSY ), which I recommended a buy rating due to valuation having turned cheap, and I expected an upgrade when growth accelerates, this post is to provide an updateI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn t ...